Today, the President of Pro-Assurance Corp (NYSE: PRA), Howard H. Friedman, bought shares of PRA for $81.5K.
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Based on Pro-Assurance Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $224 million and quarterly net profit of $11.86 million. In comparison, last year the company earned revenue of $221 million and had a net profit of $41.46 million. PRA’s market cap is $2.19B and the company has a P/E ratio of 28.37. Currently, Pro-Assurance Corp has an average volume of 532.9K.
Based on 4 analyst ratings, the analyst consensus is Hold with an average price target of $51.00, reflecting a -19.9% downside. Three different firms, including JMP Securities and Sandler O’Neill, currently also have a Buy rating on the stock.
The insider sentiment on Pro-Assurance Corp has been positive according to 87 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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ProAssurance Corp. is a holding company for property and casualty insurance companies. It operates through the following business segments: Specialty Property and Casualty, Workers’ Compensation, Lloyd’s Syndicate, and Corporate.